Monday, December 23, 2013

For the uninitiated SnapChat is an App for your smart phone, officially described as a visual messaging app. It uses video and/or photo accompanied with text that can be sent to a select group of recipients. The best way to think about it is as a visual text message.

However it is the temporary nature of the images that last only for 10 seconds that is the most original function of the application service.

*TM

It is very popular among teenagers and twenty somethings that reportedly love the anonymous nature of the communications. Messages abound about it's use in so called 'sexting', where body parts are filmed or photoed and sent to a 'friend' for a peek before disappearing. Some will find this disturbing, others liberating, depending on your age and motivations.

Naturally much speculation has been made about it's use in criminal activity such as threatening behaviour or stake outs of houses or objects. The apparent attractiveness being that there is no evidence of the images left to incriminate anyone.

Can it be used in business of some sort?

We've discovered that SnapChat has the ability to send these images messages to groups and this has been used by some innovative organisations to convey advertising messages or information messages.

If you're looking to differentiate yourself from the mob of social media promotions and wish to target switched on smart phone users then SnapChat is the business.

Monday, December 9, 2013

The internet has always been an elephant in most board rooms. It's big, popular, sometimes ugly and very energetic. The internet elephant uses more bandwidth than all the financial sector put together. Grows faster than a gold mine and adopts radically new business forms every few years. Though one nut the internet has found hard to crack is a simple universal micro payment method. Until now. The digital economy may just about to become turbo-charged.

A relatively new way we can feed jumbo is with a virtual currency and early indications show it's working a treat.

As is so often the case online, look to the online sex industry for an answer to a challenge.
Interestingly the digital porn industry has been suffering from it's own popularity. There are more terabytes dedicated to erotica that anything else. More importantly once a photo or film is taken it's replicated easily by hundreds of others who increasingly dilute the market and drive down the value of a "popular body of work". So much so that most 'bodies of work' are now free. The only commodity left is 'live' shows. These are strip shows where the viewers can login after paying, then 'chat' with the performer, who can choose to interact or ignore the heated banter. How though does the performer get paid?

Enter the challenge of quick, fast and relatively anonymous online micro payments.Bitcoin and it's sister virtual currencies have recently gained a foothold, fast becoming seriously popular and useful. In the case of live shows it makes good sense to quickly transfer an entry fee to the performer and watch for a fixed time. This is happening too in the live online gaming space with platforms like Twitch.TV broadcasting live games to interested viewers around the world.

It's relatively easy to set up a Bitcoin wallet, there are several providers out there - once you've set that up you have a unique address to send payments to and of course ways to send requests to a bitcoin currency exchange to cash them out in 'real money'.

With the US reserve accepting that Bitcoin is now a semi-legitimate currency isn't time to feed the elephant with virtual 'nuts'. Weird, perhaps but it's happening and growing in popularity.

The author makes no apologises for using such huge, nutty metaphors about elephants. Instead he strongly suggests a small online payment to: